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NEW YORK: Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the US central bank not to have done so already.
Musk’s comment, which was made in response to a post on the social media site X, followed a run of weak data last week that has sparked worries the Fed may have left interest rates elevated for too long, resulting in damage to the economy.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Jun 4
|
278.62
|
|
USD PKR Interbank Buying
/ Jun 4
|
278.42
|
|
USD to Japanese Yen
/ Jun 5
|
159.94
|
|
USD to Swiss Franc
/ Jun 5
|
0.79
|
|
Pound Sterling to USD
/ Jun 5
|
1.34
|
|
Euro to USD
/ Jun 5
|
1.16
|
|
SOFR %
/ Jun 4
|
3.63
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Jun 4
|
7,584.31
|
|
Nasdaq
/ Jun 4
|
26,830.96
|
|
FTSE 100
/ Jun 4
|
10,332.30
|
|
Dow Jones
/ Jun 4
|
51,561.93
|
|
Germany DAX 30
/ Jun 4
|
24,944.95
|
|
France CAC40
/ Jun 4
|
8,244.29
|
|
India Sensex
/ Jun 5
|
74,364.43
|
|
Tokyo Nikkei
/ Jun 5
|
66,812.85
|
|
Hang Seng
/ Jun 5
|
24,982.27
|
| Item | Value |
|---|---|
|
Gold 10 Grams PKR
/ Jun 4
|
402,335
|
|
Gold Spot USD/Ounce
/ Jun 4
|
4,470.19
|
|
Petrol/Litre
/ Jun 5
|
381.78
|
|
Crude Oil USD/Barrel
/ Jun 5
|
93.10
|
|
Diesel/Litre
/ Jun 5
|
380.78
|
|
Cotton US¢/pound
/ Jun 5
|
77.59
|
| Stock | Price |
|---|---|
|
First Fid. Leasing
/ Jun 5
First Fidelity Leasing Modaraba(FFLM)
|
7.76
▲ 1
(14.79%)
|
|
Gulistan Sp.
/ Jun 5
Gulistan Spinning Mills Limited(GUSM)
|
8.06
▲ 1
(14.16%)
|
|
Dadabhoy Cement
/ Jun 5
Dadabhoy Cement Industries Limited(DBCI)
|
8.16
▲ 1
(13.97%)
|
|
Paramount Spinning
/ Jun 5
Paramount Spinning Mills Limited(PASM)
|
8.41
▲ 1
(13.5%)
|
|
Waves Home Appliances
/ Jun 5
Waves Home Appliances Limited(WAVESAPP)
|
8.98
▲ 1
(12.53%)
|
|
First Capital Equities
/ Jun 5
First Capital Equities Limited(FCEL)
|
5.30
▲ 0.52
(10.88%)
|
|
Merit Packaging
/ Jun 5
Merit Packaging Limited(MERIT)
|
10.35
▲ 1
(10.7%)
|
|
D.S. Ind. Ltd.
/ Jun 5
D.S. Industries Limited(DSIL)
|
11.19
▲ 1.02
(10.03%)
|
|
Askari Life Assur.
/ Jun 5
Askari Life Assurance Company Limited(ALAC)
|
23.28
▲ 2.12
(10.02%)
|
|
Dewan Automotive Eng.
/ Jun 5
Dewan Automotive Engineering Limited(DWAE)
|
29
▲ 2.64
(10.02%)
|
| Stock | Price |
|---|---|
|
F.Credit & Inv
/ Jun 5
First Credit and Investment Bank Limited(FCIBL)
|
40.49
▼ -4.5
(-10%)
|
|
Shahzad Tex.
/ Jun 5
Shahzad Textile Mills Limited(SZTM)
|
66.78
▼ -7.42
(-10%)
|
|
Ghazi Fabrics
/ Jun 5
Ghazi Fabrics International Limited(GFIL)
|
29.21
▼ -3.23
(-9.96%)
|
|
Fateh Ind.
/ Jun 5
Fateh Industries Limited(FIL)
|
166.02
▼ -14.04
(-7.8%)
|
|
Shams Textile
/ Jun 5
Shams Textile Mills Limited(STML)
|
38.10
▼ -2.55
(-6.27%)
|
|
Mandviwala
/ Jun 5
Mandviwala Mauser Plastic Industries(MWMP)
|
65
▼ -4
(-5.8%)
|
|
Mughal Energy
/ Jun 5
Mughal Energy Limited(GEM)(GEMMEL)
|
21.30
▼ -1.18
(-5.25%)
|
|
Husein Industries
/ Jun 5
Husein Industries Limited(HUSI)
|
34.13
▼ -1.87
(-5.19%)
|
|
Sana Ind
/ Jun 5
Sana Industries Limited(SNAI)
|
39.70
▼ -2.02
(-4.84%)
|
|
JS Investments
/ Jun 5
JS Investments Limited(JSIL)
|
40
▼ -2
(-4.76%)
|
| Stock | Volume |
|---|---|
|
TPL Properties
/ Jun 5
TPL Properties Limited(TPLP)
|
41,992,586
▲ 0.53
|
|
TPL Corp Ltd
/ Jun 5
TPL Corp Limited(TPL)
|
41,990,948
▲ 0.53
|
|
Pace (Pak) Ltd.
/ Jun 5
Pace (Pakistan) Limited(PACE)
|
41,639,369
▲ 0.9
|
|
Beco Steel Ltd
/ Jun 5
Beco Steel Limited(BECO)
|
26,329,637
▼ -0.23
|
|
Hascol Petrol
/ Jun 5
Hascol Petroleum Limited(HASCOL)
|
23,800,560
▲ 0.02
|
|
Pervez Ahmed Consultancy
/ Jun 5
Pervez Ahmed Consultancy Services Ltd.(PASL)
|
21,604,921
▲ 0.08
|
|
WorldCall Telecom
/ Jun 5
Worldcall Telecom Limited(WTL)
|
17,744,957
▲ 0.02
|
|
Waves Home Appliances
/ Jun 5
Waves Home Appliances Limited(WAVESAPP)
|
17,209,572
▲ 1
|
|
Unity Foods Ltd
/ Jun 5
Unity Foods Limited(UNITY)
|
15,002,213
▼ -0.09
|
|
Maple Leaf Cement
/ Jun 5
Maple Leaf Cement Factory Limited(MLCF)
|
14,836,146
▼ -0.86
|
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